Bowstreet, HP Combine Strengths to Advance Business Webs for Next-Generation of E-Commerce; Agreement to Enrich HP's E-Speak.Business/Technology Editors LYNNFIELD, Mass. & PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Nov. 27, 2000 Bowstreet (www.bowstreet.com) and Hewlett-Packard Company (NYSE NYSE See: New York Stock Exchange :HWP HWP Height (and) Weight Proportionate HWP Half-Wave Plate HWP Highway Patrol HWP Height Weight Proportional HWP Hewlett-Packard Corporation (stock symbol) HWP Hydrolyzed Whey Peptides ) today announced they are working together to expand and enrich "business webs." As part of the relationship, the Bowstreet(TM) Business Web Factory is expected to allow companies to dynamically discover, assemble and integrate HP e-speak-enabled services to power Bowstreet's business webs. Bowstreet and HP plan to co-market each other's products, and the two companies plan to collaborate on evolving HP's service framework specifications. The alliance is expected to give customers a larger universe of web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. to use and deploy, and with HP's e-speak engine, more powerful ways to discover those services. The alliance is also designed to help speed the transformation of stand-alone companies stand-alone company An independent operating firm. For example, a large diversified firm may consider spinning off a subsidiary because, as a stand-alone company, the subsidiary would command a higher price-earnings ratio than the parent. into a world in which companies share services on the 'Net to create entirely new businesses and business models. For example, a real estate company can enable a homebuyer home·buy·er n. One who is in the process of buying a home. at its web site to request mortgage quotes by supplying a set of buying criteria. The homebuyer can specify descriptive attributes such as the type, duration and terms of the desired mortgage. The e-speak engine will search for all registered/known mortgage web services and return only those meeting the selected criteria. Using Bowstreet technology, the real estate company can combine this e-speak-managed mortgage web service with other web services, such as home inspection and moving services. The real estate company can instantly deploy these web services over the Internet in customized combinations across multiple devices, such as cell phones and pagers, to serve the mobile e-services marketplace. With Bowstreet's change automation technology and HP's e-speak, companies should be able to find e-services, combine them with any other web service and then deploy them to thousands of customers and partners in infinitely customized combinations by pointing and clicking. This plug-and-play e-commerce approach enables on-the-fly connections to create networks of companies working in concert in a business web. Bowstreet and HP share a vision of a new economy powered by web services as its currency, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bowstreet's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Bob Crowley For the software, see . For the computer specialist, see . Bob Crowley (born in Cork, Ireland) is a theatre director, scenic and costume designer. He is the brother of director John Crowley. : "With this alliance, web service consumers should have more world-class building blocks for their business webs and new, more powerful ways to find and integrate them." "Our alliance with Bowstreet enables customers to take advantage of the emerging services-based computing model," said Rajiv Gupta Rajiv Gupta is a software pioneer in web services. He was co-inventor and general manager of Hewlett Packard's E-speak project in 1999, and was one of the developers of the IA-64 architecture. , general manager, HP's E-speak Operation. "Together, we're fashioning the next generation of the Internet - call it the Business Web." The e-speak engine is an implementation of the HP services framework specification. Bowstreet has endorsed and plans to collaborate on the specification as a viable approach to e-services description, discovery, negotiation and interoperation. About HP Hewlett-Packard Company - a leading global provider of computing and imaging solutions and services - is focused on making technology and its benefits accessible to individuals and businesses through simple appliances, useful e-services and an Internet infrastructure that's always on. HP has 86,000 employees worldwide and had total revenue from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of $42.4 billion in its 1999 fiscal year. Information about HP and its products can be found on the World Wide Web at www.hp.com. About Bowstreet Bowstreet provides XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. infrastructure for plug-and-play e-commerce. Bowstreet's Business Web Factory uses change automation technology to create business webs: fluid, interconnected collections of web services from multiple providers that come together dynamically over the Internet. Bowstreet's solutions enable companies to sell new products and services, create new channels of distribution and develop new business initiatives at a fraction of the time and cost of many of today's approaches. For more information, visit www.bowstreet.com or call 781-586-7100. All company names and product names may be trademarks or registered trademarks of their respective companies or owners. This news release contains forward-looking statements that involve risks, uncertainties and assumptions. All statements other than statements of historical fact are forward-looking statements. Risks, uncertainties and assumptions include the possibility that the market for the sale of certain products and services may not develop as expected; that development of these products and services may not proceed as planned; and other risks that are described from time to time in HP's Securities and Exchange Commission reports, including but not limited to the annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended Oct. 31, 1999, and subsequently filed reports. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, HP's results could differ materially from HP's expectations in these statements. HP does not intend to update these forward-looking statements. |
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